AKRON, Ohio, July 22, 2021 /PRNewswire/ -- FirstEnergy
Corp. (NYSE: FE) today announced that Soubhagya Parija has been
named vice president and chief risk officer, effective August 16. In this role, he will develop and
execute a risk program that reflects FirstEnergy's core values and
behaviors; establish standards and implement robust processes and
procedures to identify, mitigate, and prevent risks across the
company; and support efforts by the Board of Directors and senior
leadership to implement, review and approve the company's
enterprise-wide risk governance and compliance framework.
Soubhagya will report to Jon
Taylor, senior vice president and chief financial officer.
Soubhagya joins other new members of FirstEnergy's leadership team
who have been added in recent months, including Hyun Park, senior vice president and chief legal
officer, Antonio Fernández, vice president and chief ethics and
compliance officer, and Michael
Montaque, vice president, internal audit.
"Soubhagya is a respected leader in the risk management
field with demonstrated experience building and leading
best-in-class enterprise-risk programs at utilities and other key
industries," said Steven E. Strah,
president and chief executive officer. "His track record of
managing risk across large organizations – while embracing an
unwavering commitment to integrity and ethical behavior – makes him
an excellent addition to our leadership team."
Soubhagya has decades of risk, compliance, and governance
experience and is a former board member of the Risk & Insurance
Management Society (RIMS), a global risk management organization.
From 2015 to earlier this year, he served as senior vice president
and chief risk officer at the New York Power Authority, the
nation's largest state-owned utility. He was recruited to revamp
its risk management organization and streamline reporting to the
Board of Trustees, ultimately leading a 20-member risk management
team that successfully ran enterprise risk, operational risk, risk
analytics and insurance programs.
Previously, Soubhagya served as director, risk strategy for
Walmart, where he built and implemented an enterprise-wide
regulatory compliance risk management program for the company's
international division. He also was director, enterprise risk, at
Akron, Ohio-based Signet Jewelers,
the world's largest specialty jewelry retailer, where he designed
and built an enterprise-risk management program from the ground up.
At Duke Energy, he served as director, enterprise risk and
portfolio analysis, working his way up after being recruited as a
management trainee.
Soubhagya graduated from Jawaharlal Nehru University in
India with a master's degree in
Economics. He received his Master of Business Administration and
Finance from the Kelley School of Business at Indiana University.
FirstEnergy is dedicated to integrity, safety, reliability and
operational excellence. Its 10 electric distribution companies form
one of the nation's largest investor-owned electric systems,
serving customers in Ohio,
Pennsylvania, New Jersey, West
Virginia, Maryland and
New York. The company's
transmission subsidiaries operate approximately 24,000 miles of
transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy online at www.firstenergycorp.com.
Follow FirstEnergy on Twitter: @FirstEnergyCorp.
Editor's Note: A professional photo of Soubhagya
Parija is available for download on Flickr.
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SOURCE FirstEnergy Corp.